Shocking gas prices from around the world reveal just how bad things are for the oil industries

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Here's Why Gas Prices in the U.S. Are So Low

If you ever thought about driving across the US, or some other country, now is the time to do it.

The oil industry is in the midst of a historic downturn, which is plunging the price per barrel of oil to all-time lows across the globe.

International markets sell oil for a fixed price. But drivers are subject to fluctuating fuel costs depending on their location.

Taxes and subsidies play a large part in this, and the fluctuations are quite impressive, ranging from as little as $0.20 per gallon all the way up to $5.64.

Here, we've compiled fuel costs for 17 different gas stations across the world in order from most to least expensive.

Llanteg, Wales

Location: Murco gas station in Llanteg

Date: Jan. 28, 2016

Cost per liter: 103.9 pence ($1.49)

Cost per gallon: $5.64

(*All of these fuel prices are subject to changes in exchange rates.)

London, Britain

Location: BP gas station near Heathrow Airport in west London

Date: Jan. 30, 2016

Cost per liter: 101.9 pence ($1.44)

Cost per gallon: $5.45


Santiago, Chile

Location: Copec gas station in Santiago

Date: Feb. 7, 2016

Cost per liter: 760 pesos ($1.08)

Cost per gallon: $4.09


Prague, Czech Republic

Location: Agip gas station in Prague

Date: Jan. 21, 2016

Cost per liter: 28.20 crowns ($1.13)

Cost per gallon: $4.28


Buenos Aires, Argentina

Location: Shell gas station in Buenos Aires

Date: Feb. 3, 2016

Cost per liter: 14.23 pesos ($1.01)

Cost per gallon: $3.83


Los Angeles, California

Location: 76 gas station in Los Angeles

Date: Feb. 4, 2016

Cost per liter: $3.79 per gallon (about $1)

Cost per gallon: $3.79


Nairobi, Kenya

Location: Total gas station in Kenya's capital, Nairobi

Date: Feb. 7, 2016

Cost per liter: 88.60 shillings ($0.86)

Cost per gallon: $3.26


Abidjan, Ivory Coast

Location: Shell gas station in Abidjan

Date: Feb. 1, 2016

Cost per liter: 600 CFA francs ($1.00)

Cost per gallon: $3.79


Brooklyn borough of New York

Location: Mobil gas station in Brooklyn

Date: Feb. 3, 2016

Cost per liter: $0.87

Cost per gallon: $3.29


Sydney, Australia

Location: A gas station in Sydney

Date: Feb. 8, 2016

Cost per liter: A$1.219 ($0.86)

Cost per gallon: $3.26


Gyoda, Saitama prefecture, Japan

Location: Board reading outside a gas station in Gyoda

Date: Jan. 29, 2016

Cost per liter: 98 yen ($0.81)

Cost per gallon: $3.07


Managua, Nicaragua

Location: Puma gas station on the Hugo Chaves roundabout in Managua

Date: Feb. 5, 2016

Cost per liter: 21.59 cordobas ($0.78)

Cost per gallon: $2.95


Kiev, Ukraine

Location: Fuel costs stand next to a Samsun advertisement with a woman wearing clothes decorated in a Ukrainian national pattern in Kiev.

Date: Feb. 1, 2016

Cost per liter: 19.99 hryvnias ($0.78)

Cost per gallon: $2.95


North Jakarta, Indonesia

Location: A street seller on Mangga Dua St. in North Jakarta

Date: Jan. 29, 2016

Cost per liter: 8,000 rupiah ($0.58)

Cost per gallon: $2.20


Kogalym, Russia

Location: Boiler gas station in the West Siberian city, Kogalym

Date: Jan. 25, 2016

Cost per liter: 33.2 roubles ($0.41)

Cost per gallon: $1.55


Benghazi, Libya

Location: OilLibya fuel station in Benghazi

Date: Jan. 29, 2016

Cost per liter: 0.15 dinar ($0.11)

Cost per gallon: $0.42


Minsk, Belarus

Location: Belorusneft gas station on the outskirts of Minsk, capitol of Belarus

Date: Jan. 24, 2016

Cost per liter: 11.10 roubles ($0.054)

Cost per gallon: $0.20

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Shocking gas prices from around the world reveal just how bad things are for the oil industries
Pumping units, also known as 'nodding donkey's' or pumping jacks, stand alongside storage tanks at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
Photo by: Dennis Van Tine/STAR MAX/IPx 1/11/16 The price of crude oil Monday plummeted another 5% to $31.41 a barrel Monday based on WTI Crude Oil. That's the commodity's lowest closing price since hitting $30.73 a barrel on Dec. 5, 2003, according to Bloomberg data. Talk about a brutal implosion that keeps raging. Oil prices are down 16%, just this year. That's coming off a brutal 2015 when oil prices dropped 30%. Oil prices have been falling in a historical collapse. Oil prices are now down a staggering 79% from the 20-year high of $145.29 notched on July 3, 2008, according to Bloomberg data.
Photo by: Dennis Van Tine/STAR MAX/IPx 1/11/16 The price of crude oil Monday plummeted another 5% to $31.41 a barrel Monday based on WTI Crude Oil. That's the commodity's lowest closing price since hitting $30.73 a barrel on Dec. 5, 2003, according to Bloomberg data. Talk about a brutal implosion that keeps raging. Oil prices are down 16%, just this year. That's coming off a brutal 2015 when oil prices dropped 30%. Oil prices have been falling in a historical collapse. Oil prices are now down a staggering 79% from the 20-year high of $145.29 notched on July 3, 2008, according to Bloomberg data.
Pumping units, also known as 'nodding donkey's' or pumping jacks, stand silhouetted against the sun at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
A Pumping unit, also known as a 'nodding donkey' or pumping jack, stands silhouetted against the sun at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
Pumping units, also known as 'nodding donkey's' or pumping jacks, stand silhouetted against the sun at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
A control wheel sits near a pumping unit, also known as a 'nodding donkey' or pumping jack, at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
An employee works on a pumping unit, also known as a 'nodding donkey' or pumping jack, at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
An employee uses a screw key to adjust a valve on a pumping unit, also known as a 'nodding donkey' or pumping jack, at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
An employee walks across snow in front of pumping units, also known as 'nodding donkey's' or pumping jacks, at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
An employee takes an oil sample in a jar near oil pumping machinery at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
An employee stands on a platform beside an oil storage tank at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
An employee carries a wrench as he walks between a storage tank and snow covered barrels, at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Oil capped the biggest two-year loss on record in 2015 as the Organization of Petroleum Exporting Countries effectively abandoned output limits amid a global glut. Photographer: Martin Divisek/Bloomberg via Getty Images
Graphic shows the price of crude oil; 2c x 3 inches; 96.3 mm x 76 mm;
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